Category: INTERNATIONAL

The Zimbabwe Stock Exchange is cutting jobs and will soon announce a strategy to generate additional income after revenue fell by half in 2015 and has shown little sign of recovery this year, its chief executive officer said. Zimbabwe has suffered deflation for the past 18 months because of a fall in consumer demand and…

ANGOLA-IMF team in Angola for loan talks, economy diversification on agenda

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A team from the International Monetary Fund is visiting Angola to negotiate a loan facility after lower oil prices hammered the finances of Africa’s second largest crude exporter, the Ministry of Finance said on Wednesday. The ministry said the IMF team will be in Angola from June 1 to June 14 and would discuss options…

Egyptian Maritime Receives the French Aircraft Carrier, ‘Mistral’

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in Africa, North Africa

Egyptian defense minister Sedki Subhi received on Thursday the French aircraft carrier, Mistral, which is set for use by Egyptian maritime forces. The French defense minister, Jean-Yves Le Drian, took part in a military ceremony along with Egyptian naval forces leader Osama Rabie in Toulouse to celebrate the delivery of the aircraft carrier. The carrier…

Sweden Wishes to Boost Economic Ties With Algeria

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in Africa, North Africa

Foreign Minister Margot Wallstrom of Sweden expressed Thursday in Algiers her country’s wish to further step up commercial and economic cooperation with Algeria. “We wish to further boost our commercial and economic cooperation with Algeria, mainly through investment promotion in the two countries,” Wallstrom said in a meeting with Minister of State, Minister of Foreign…

Nigeria: Cleaning Up Oil-Stained Ogoniland (Aka Buhari’s Chance to Break the Cycle of Abuse in the Niger Delta)

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in Africa, West Africa

Nigeria’s President Buhari is launching what would be the biggest oil clean-up exercise the world’s ever seen… if he’s really serious Could 2016 be the year that a proper clean-up of the oil-stained creeks and fields of the Niger Delta finally gets underway? That’s certainly the promise of the Nigerian government, with President Muhammadu Buhari…

Nigeria’s Buhari cancels visit to oil-producing Niger Delta-government source

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in Africa, West Africa

Nigerian President Muhammadu Buhari has cancelled at the last minute a visit planned for Thursday to the oil-producing Niger Delta, which has been hit by a wave of militant attacks, a government source said. Vice President Yemi Osinbajo will instead visit the restive southern region to launch a cleanup programme of the Ogoniland, an area…

NIGERIA-Militants attack oil firm boat in Nigerian Delta, killing six: army

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in Africa, West Africa

Militants have attacked a boat belonging to Nigeria’s state oil firm NNPC in the Niger Delta, killing at least six people, the army said on Thursday. “During the deliberate attack two soldiers were killed, one wounded, one soldier missing while four civilian staff attached to the house boat were shot dead,” the army said in…

S. Africa cenbank gov says shocks to inflation, growth cause uncertainty

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Recent shocks to growth and inflation in South Africa have created much uncertainty, the central bank governor said on Wednesday, adding he could not predict the outcome of a rating review due on Friday. South Africa’s economy has been hit by a ravaging drought and its economic prospects do not look promising, South African Reserve…

Angolan president appoints daughter as head of state oil firm

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